218 Coffman Street Longmont, CO ^$ 875,000

218 Coffman Street

^$ 875,000

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New Construction

218 Coffman Street

Longmont, CO, 80501

^$ 875,000

Studio Baths0.0 Sq 1,792

Monthly Estimate*

^$ 5,816

Listed by Sellstate ACE Realty

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Studio

Commercial Property for sale in Longmont, CO

for $875,000. This 1,792 square foot building was built in 1910 on a lot size of 0.14.

This charming brick Victorian House is the longtime home to one of Longmont’s favorite restaurants, Tortugas. The owners plan to retire after 30 years of success in the same spot. Very established location in the heart of Longmont, just West of Main Street. The property is in the Longmont development zone and will benefit from the Coffman Street Mobility Improvements that are officially in the pre-construction phase. There is a planned transportation hub a block away, just South of 1st Avenue. This hub will serve BRT, RTD, local bus service as well as the planned rail system. A more notable improvement will bring bike and pedestrian paths from 1st Ave to 9th Ave. This location will benefit greatly from this improved “multi-modal” traffic pattern. It is also located directly across the street from the very busy Longmont Post Office. The open floor plan serves as an 60 seat restaurant. There is also a bar on the second floor. The patio is a huge attraction during the spring, summer, and fall months and will seat an additional 25 guests. There are a lot of possibilities with this fantastic spot. This unique property is an iconic destination in Longmont. Tortugas has been a part of a lot of our personal histories in the Longmont area. It will be a top of mind location for whatever happens next.
Tortugas will continue operating while the property is for sale. If you know the owners, take a minute to congratulate them. They are retiring on their terms after many successful years serving the Longmont Community. Please be respectful of their time. Showings will need to be scheduled outside of business hours and you must be accompanied by an agent.

Commercial Active

Price

^$ 875,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,986

Style

Free Standing

Lot Size

0.14

Year Built

1910

Town/City

Longmont

County/Region

Boulder

MLS | Web ID

4086745

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Phone Connected Sewer Connected

Possession Immediate Negotiable

Roof Composition

Zoning MU

Garage Spaces 0

Construction Materials Block Brick

Exclusions Sellers Personal Property.

Year Built 1910

Electric 110V 220 Volts

Stories 2

Property SubType Retail

Tax Year 2023

Current Use Food Service Restaurant Retail

County Boulder

Property Type Commercial Sale

Attached Garage N

Status Active

Directions From 119 Head North on Main Street. Turn Left onto 1st Ave and Right onto Coffman. The house is right across the street from the Longmont Post Office.

City Longmont

Buyer Agent Compensation 2.5

NumberOfUnitsTotal 1

Lot Size Units Acres

Lot Size Square Feet 6098.4

Carport Spaces 0

Street Name Coffman

Listing Terms Cash Conventional

Tax Annual Amount 11986

Leasable Area 1792

Lease Considered Y/N N

Virtual Tour https://youriguide.com/218_coffman_st_longmont_co

Structure Type Free Standing

Standard Status Active

Occupancy Type Owner

Cap Rate 4.1

Buyer Agent Compensation Type %

Exterior

Parking Features Asphalt

Lot Features Historical District Landscaped Near Public Transit

Water Source Public

Total Parking 4

Lot Size Area 0.14

Building Area Total 1792

Lot Size Acres 0.14

Road Surface Type Alley Paved Paved

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Street

Internal Only

Street Number 1 218

* Excluded Features

List By

Sellstate Ace Realty

Broker

(303) 931-8586

Phone

Affordability Calculator

$6,814

Per Month

Monthly Principal & Interest: $5,816
Monthly Property Taxes: $999
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Longmont, CO

Average List Price ^$1,456,429

Percent of Sale Price 66%

About Longmont, CO

95,205 Population

31% Since 2002

^$64,602 Median Income

39.12 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/2/2024	$875,000		Listed Price

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218 Coffman Street, Longmont, CO, 80501 is a Commercial Property for sale at $875,000 with 1,792 sqft and a lot size of 0.14. 218 Coffman Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 80501 which is in Longmont, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/10/2024.

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218 Coffman Street

Commercial Property for sale in Longmont, CO

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